AUDUSD is currently up about 0.51%, making it one of the key movers. The price sits between two main swing areas on the 4-hour chart. The support zone is between 0.6500 and 0.6514, where we’ve seen several swing highs and lows in recent weeks. In recent trading sessions, price has fluctuated, but buyers have kept the range steady after a rise in the Asian session. On the resistance side, the area from 0.6535 to 0.6554 is important. This includes the 61.8% retracement point from the 2024 high-to-low range at 0.65489. Prices peaked at 0.65375 last week but have since lost momentum. If prices break above 0.6554 and surpass the 61.8% retracement level, we could see a shift towards upward movement, targeting resistance around 0.6620 and higher. However, if the price falls below 0.6500, it would signal a weaker short-term outlook and give control back to sellers. Key levels to watch are: – Resistance: 0.6535–0.6554, including the 61.8% point at 0.65489. – Support: 0.6500–0.6514. – The outlook remains neutral in this range, waiting for a clear breakout to indicate a change in momentum. In simple terms, the Aussie has settled into a narrow price band, caught between a clear support base and a solid resistance level on the 4-hour chart. The support around 0.6500 to 0.6514 has held firm after multiple tests, indicating active buying interest. This week’s pattern shows that short dips are quickly met with buying, suggesting demand remains strong. On the other hand, sellers have made their presence felt just below 0.6555, indicating they’re not ready to relinquish control. This upper resistance level coincides with a technical retracement point, often acting as a pivot when price is recalibrated. When prices pulled back from 0.65375, it became clear that there isn’t strong enthusiasm for further upside at this level. The cautious price action here is key for assessing market sentiment. Looking ahead, if the pair breaks above 0.6554 decisively—meaning a clean move with follow-through rather than just temporary jumps—there’s potential for price to rise towards 0.6620. Volume and momentum indicators should support this. If they don’t, any breakout could fizzle quickly. Conversely, a drop below the 0.6500 level carries equal significance. If this occurs during a higher-volume trading session like London or New York, it would suggest more than just a test. This would invalidate the current neutral stance and likely shift sentiment. Buyers would take a step back. Traders are now in a focused position. The trading range is well defined, and the key levels are clear. The lack of sustained trends indicates that current market movements are more tactical than structural. Many traders appear to be waiting for clearer signals. There’s little value in guessing where shifts will occur until prices confirm a direction. It’s about watching for triggers rather than making assumptions. Moving forward, attention should focus on momentum signals near each boundary. If buying pressure appears at resistance, especially with slowing upward movement, traders may want to take a defensive position until a higher high confirms intent. Conversely, if the lower boundary fails to attract buying and the price slips below 0.6500 without a quick rebound, short positions may become more appealing. Whichever side takes control, the next significant move should be noted. Observing price behavior near the extremes is more valuable than focusing on the middle of the range. Until then, maintaining balanced exposure and light positioning is a wise strategy for those actively participating rather than merely observing.

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